The Following Information Relates to Nebula Ltd Calculate the Profit

question 55

Multiple Choice

The following information relates to Nebula Ltd. $$\begin{array} { | l | l | } \hline \text { Sales revenue } & \$ 230,000 \\\hline \text { Cost of sales } & 150,000 \\\hline \text { Interest revenue } & 10,000 \\\hline \text { Operating expenses } & 40,000 \\\hline \text { Sales discounts } & 20,000 \\\hline \text { Sales returns and allowances } & 7000 \\\hline\end{array}$$ Calculate the profit.

• A)$230,000
• B)$13,000
• C)$23,000
• D)$70,000

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Definitions:

Organizational Culture

The common ethos, ideologies, and mores that guide the behavior, emotions, and thoughts of staff members in a business setting.

Three-Component Model

A framework that describes an aspect of analysis or understanding composed of three interrelated elements.

Task Expertise

The specific skills, knowledge, and experience required to effectively perform a particular job or task.

Framing Error

Trying to solve a problem in the context in which it is perceived.